The Business Times, 4 May 1977

Microfilm: NL9307
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 309/1/77 WEDNESDAY, MAY 4, 1977 50 CENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon Aussie quota warning
      69 1 Reuter CANBERRA, Tues. Australia's Minister for Business and Consumer Affairs John Howard warned here today that significantly lower Import quotas for textiles, clothing and footwear might be Introduced If there was not a recovery by the local Industry. Mr. Howard's statement to Parliament was the latest hint
      Reuter  -  69 words
    • Article
      Lock icon $338mil KL surplus
      52 1 Reuter KUALA LUMPUR, Tues. Malaysia recorded a trade surplus of M 5338.8 million in February this year which was double that of the corresponding month last year, Statistics Department said here today. The department said the exports last February totalled $1,785.8 million and Imports amounted to $1,397
      Reuter  -  52 words
    • Article
      Lock icon EEC's share
      78 1 Reuter BRUSSELS, Tues. Common Market foreign ministers agreed in principle today to contribute US$375 million (*****.5 million) towards a $1 billion special aid programme for developing countries to be financed by Industrialised nations. EEC officials said that the Community accord is conditional upon the US putting up a
      Reuter  -  78 words
    • Article
      Lock icon Schlesinger's advice
      98 1 AP WASHINGTON. Tues. White House energy adviser James Schlesinger today urged Congress not to tamper with major provisions of President Carter's energy programme, which he called carefully balanced to "distribute benefits and burdens equitably" among Americans. "Many groups will find In this bill provisions which will imnose burdens
      AP  -  98 words
    • Article
      Lock icon UK reserves rise
      40 1 AP LONDON, Tues". Britain's Official reserves have topped US$lO billion (5524.6 billion) for the first time ever, the Government reported today. The Treasury said they rose by $512 million in April to stand at $10.13 billion. AP
      AP  -  40 words
    • Article
      Lock icon Dharsono for Sydney
      54 1 Reuter JAKARTA, Tues. The secretary-general of Asean, Mr. H.R. Dharsono, left for Sydney today for talks with Australian officials on the coming dialogue between Australia and the regional grouping here later this month. Mr. Dharsono will go to New Zealand for similar talks at the end of
      Reuter  -  54 words
    • Article
      Lock icon Comex gets licence
      47 1 Reuter HONGKONO, Tues. The Government announced that it approved the application by the Hongkong Commodity Exchange for a licence. The licence is continuous, subject to review at the end of five years. The exchange's first market, in raw cotton futures, opens on May 9.
      Reuter  -  47 words
    • Article
      Lock icon New commissioner
      31 1 Reuter HONGKONG, Tues. The Government announced that assistant commissioner for securities Uisden Mclnnes will succeed the current commissioner for securities James Selwyn when Mr. Selwyn retires In August. Reuter.
      Reuter  -  31 words
    • Article
      Lock icon Dow Jones
      72 1 UPI NEW YORK, Tues. The stock market, buoyed by further reports that the economy was Improving, headed higher today in active trading of New York Stock Exchange issues. The Dow Jones industrial average, which gained 4.32 points yesterday, was ahead 2.72 points to 933.94 shortly before 1500 GMT.
      UPI  -  72 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      191 1 SPASMODIC waves of buying in selected stocks made for a generally steadier trend at the Stock Exchange of Singapore yesterday. Trading among the third liners mainly on bargain-hunting interest also picked up noticeably. At the close, the Business Times index gained 2.86 points to 254.06 while the
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  • Article
    Finance firms eye new pastures Larger firms feel need to diversify
    1975 1  -  MORE FREEDOM TO DIVERSIFY CALL By COLIN CHEE FINANCE companies in Singapore are again calling for more freedom to diversify their Industry, from the traditional areas which they view as stagnant, to areas which they believe have the necessary
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  • Article
    Another 3 to clamp garment quotas
    386 1 SINGAPORE'S garment exports this year will be affected not only by quota restrictions imposed by the UK government but also by three other members of the European community France, Germany and the Benelux countries. According to sources close to the Trade Department, these four
    386 words
  • Article
    REVIEW OF TEXTILE TRADE
    97 1 HONGKONG, Tues. Ten developing countries are to review world trade In textiles here next week at an International seminar organised by the Commonwealth Secretariat, the Department of Commerce and Industry said today. A Department spokesman said delegates would be coming from Bangladesh, Ghana, India, Jamaica, Malaysia,
    97 words
  • Article
    Lock icon 'Fukuda to propose tariff cuts'
    78 1 Reuter TOKYO, Tues. Japanese Prime Minister Takeo Fukuda plans to propose at the weekend London summit efforts to reach agreement by this summer on a formula to reduce tariffs, the Japanese financial dally Nlhon Kelxal Shim bun said The newspaper, quoting Government sources, said Mr.
    Reuter  -  78 words
  • Article
    Lock icon 'Watch exchange rates closely'
    143 1 Reuters BRUSSELS, Tues. Exchange rates needed to be kept under close surveillance as otherwise it would not be possible to fight effectively against a return to protectionism, Belgian Central Bank Governor Cecil de Strycker said. He said In a speech released here and prepared for delivery
    Reuters  -  143 words
  • Article
    Lock icon Special team to probe Chiasso
    267 1 Reuter ZURICH, Tues. The board of Swiss Credit Bank said In a statement It formed a special commission to examine the events at Its Chiasso branch at all levels in the branch and In head office. The board said It met In a special session
    Reuter  -  267 words
  • Article
    Lock icon Thailand enjoys trade surplus with Asean 4
    265 1 Reuter BANGKOK, Tues. Thailand had a favourable trade balance at US$406 million (SI 1 billion) in Ha trade last year with the other four member* of Asean. Last year, Thailand ex* parted to the four countries goods worth $522.9 million, an increase of
    Reuter  -  265 words
  • Article
    Lock icon Paris visit
    27 1 Reuter PARIS, Tues. Malaysia's Foreign Minister, Tengku Ahmad Rlthauddeen, will pay an official visit to France starting on May 11, the Fbrelgn Ministry announced yesterday.
    Reuter  -  27 words
  • Article
    IHL to take over Yat Yuen Hong Holdings
    638 1 THE gigantic Yat Yuen Hong organisation announced plans yesterday to rationalise its property interests in Singapore and Hongkong into one master company with a quotation on the Kowloon Stock Exchange. Under the plan, Yat Yuen Hong Holdings (which built and owns the
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      73 1 With a Reputation for Unrivalled Security and Fair Dealing over 131 years, Our Clients can be Assured. Royal Insurance incomii—< in tmumi looks after you. Fast 18th Fir., Ocean Building, Collyer Quay. Singapore 1. Tel: ***** *****1. SEE PAGE 3 Overseas News/TV A Oversea* Stocks P7 Radio -P2 Commodities -P8
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    • Advertisement
      Page 1 Advertisements Column 2
      101 1 v 3 SB it* *5 4> •v^ i Chase makes your travel easier... Chase can supply you with travelers' checks, change Singapore money into any foreign currency you need, and transfer funds to whichever country you require. Chase has a global network of more than 210 branches in over 100
      101 words
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      Page 1 Advertisements Column 3
      3 1 SEE PAGE 11
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    • Advertisement
      Page 1 Advertisements Column 4
      3 1 SEE PAGE 10
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    • Advertisement
      Page 1 Advertisements Column 5
      274 1 ■—NOW Cool healthy pollution sn dnv,ng (S POSS^Lf COOU/VIAS-TEf* pwkace Xv* CAR AM CONOTIONM A« PUH*=» T®l CHUNG SHAN MOTORS 5-11 GOLDHILL Pi AZt Tel 5377?? ?40 IAVTMDtR S T REf Tel ?*****0 The printing calculator that prints numbers in easy-reading thousands Olhettfo heavy duty Logos 42 makes light work
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  • OVERSEAS
    • Article
      Lock icon Saudis won't budge on oil price stand
      712 2 NO EARLY END TO OPEC RIFT UPI BEIRUT, Tues. Despite bad weather, bad breaks and five months of constant attempts to force a compromise. Saudi Arabia Is still holding out stubbornly for low oil prices against the majority in the Organisation of Petroleum
      UPI  -  712 words
    • Article
      Lock icon Pipeline through Canada proposal
      271 2 Reuter WASHINGTON, Tues. The Federal Power Commission recommended that a pipeline for Alaskan natural gas go through Canada, but split 2-2 on whether to recommend the proposals of the Alaskan Arctic Gas Pipeline or the Alcan Pipeline Co. The third proposal the FPC considered was from
      Reuter  -  271 words
    • Article
      Lock icon No widespread anti-trust probe
      219 2 AP WASHINGTON, Tues. The US Justice Department is examining four aspects of the American natural gas Industry for possible anti-trust violations but does not now plan a general Industrywide anti-trust Investigation, Assistant Attorney General Donald Baker said yesterday. In a letter to Mr, Ralph Nader's Corporate
      AP  -  219 words
    • Article
      Lock icon MOVE BY FED TO REGULATE FOREIGN BANKS
      170 2 AP NEW YORK. Tims. The US Federal Reserve Inters te press for regulation of foreign beaks In the UB, the vice-chairman ef the Fedsral Reserve Beard said yesterday. "The current lack ef federal regulation and conflicting state controls over foreign banks is a
      AP  -  170 words
    • Article
      Lock icon Deposits found in disputed sea
      130 2 Reuter OSLO, Tues. Norway has found Indications of large offshore oil and natural gas deposits In the Barents Sea where It Is locked In a territorial dispute with the Soviet Union, it was announced yesterday. Mr. Fredrick Hagemann, managing director of the Norwegian Directorate for
      Reuter  -  130 words
    • Article
      Lock icon Muldoon's date
      31 2 AP WELLINGTON, Tues. Prime Minister Robert Muldoon said yesterday he will meet US President Carter on Sept 15 after attending the Commonwealth finance ministers' and International monetary meetings. AP.
      AP  -  31 words
    • Article
      Lock icon Food export policy changes urged
      420 2 UPI WASHINGTON, Tues. A Congressional agency today called for big changes In the nation's food export policy, including a new standby system of export controls and Improved "early warning" reports on sales overseas. The proposals were Included In a lengthy report from the General Accounting
      UPI  -  420 words
    • Article
      Lock icon Soybean order on Hunts to continue
      182 2 Reuter CHICAGO, Tues. An order preventing the Hunt family of Dallas from accepting more than 1.060 million hectolitres of May delivery soybeans was continued Indefinitely by a US district court here. Judge Frank McOarr also set a hearing for today and tomorrow on motions
      Reuter  -  182 words
    • Article
      Lock icon 'British economy is expanding'
      235 2 UPI LONDON, Tues..— The British economy Is showing steady signs of expansion, with capital investment, stockbulidlng, production and exports all increasing, according to the Financial Times business opinion survey, published yesterday. A steady rise In output over the next 12 months, together with a recovery In
      UPI  -  235 words
    • Article
      Lock icon LONDON AWAITS ARAB 'INVASION' WITH OPEN ARMS
      721 2 Reuter LONDON, Tues. London is getting ready for an anticipated summer rush of nearly 40,000 Arabs with money to spend. A proliferation of Arabic tourist guides, shopping guides and dally newspapers, shows that London-based Arab entrepreneurs are taking full advantage of the tempting
      Reuter  -  721 words
    • Article
      Lock icon London summit 'bombshell' for N-club members
      718 2 Reuter LONDON, Tues. An urgent topic at this weekend's economic summit In London will be how to halt the spread of nuclear weapons now that the day of the suit-case atom bomb might not be far awav. President Jimmy Carter and the leaders of
      Reuter  -  718 words
    • Article
      Lock icon Murray favours third social contract
      389 2 Reuter SCARBOROUGH, (England.) Tues. UK Trades Union Congress general secretary Mr. Len Murray said the agreement between government and unions the Social Contract should continue, adding there Is no general demand among unionists for a return to free collective bargaining. Speaking at the National Union
      Reuter  -  389 words
    • Article
      Lock icon NZ forest project in Philippines
      111 2 Reuter MANILA, Tues. New Zealand Is to established a reforestation project in the Philippines that will also provide training for foresters in member countries of the Asean. Mr. Murray Hosklng, a principal forester of the New Zealand forest service, in Manila for discussions on the
      Reuter  -  111 words
    • Article
      Lock icon Carter stresses importance of global economic cooperation
      282 3 Reuter LONDON, Tues. President Jimmy Carter called for a new comprehensive approach by advanced Industrial countries at the North-South dialogue, a stronger role for International bodies such as GATT, OECD. the International Energy Agency and the World Bank and a sharing out of
      Reuter  -  282 words
    • Article
      Lock icon Seidman views on world debt payments
      305 3 Reuter NEW YORK. Tues. The massive imbalance of International payments accounts Is a major area of international economic concern, Mr. L. William Seidman, former economic advisor to President Ford, said. Mr.. Seidman told an accounting Industry conference that never have so many borrowed so
      Reuter  -  305 words
    • Article
      Lock icon 'No cause for pessimism in the world'
      315 3 Reuter BONN, Tues. West German Economics Minister Hans Friderichs said he sees no cause for economic pessimism in the world today. "But we must distance ourselves from exaggerated ideas of how much growth is desirable," he said in remarks prepared for delivery to
      Reuter  -  315 words
    • Article, Illustration
      Lock icon STERLING AND THE DUTCH DISEASE...
      1561 3  -  By i SAMUEL BRITTAN FT AS EXPECTED, the problems of success are causing Whitehall' almost as much worry as the problem of failure. Of course success and failure are terms of art; and in this context they simply mean the transition from fears about "sterling
      FT  -  1,561 words
    • Article
      Lock icon Steel price increase under study
      716 3 NEW YORK, Tuesday Reuter STEEL prices appear headed up again, which means higher prices for cars, appliances, building and a host of other goods. US Steel Corporation, the leading American manufacturer, yesterday said it hoped to implement an unspecified price increase in 30 to 45
      Reuter  -  716 words
    • Article
      Lock icon Carter fails to protect US steel producers
      300 3 PITTSBURG, Tum. AP Reuter THE Carter Administration has failed to enforce international trade laws that could protect American steel producers from unfair foreign competition, US Steel chairman Edgar Speer said yesterday Mr. Speer Is chairman of the American Iron and Steel Institute (AISI),
      AP; Reuter  -  300 words
    • Article
      Lock icon Morgan sees need to reassess economic outlook
      342 3 Reuter NEW YORK. Tum. The strong lift for United State* disposable income, and consumer spending, built into forecasts for the spring and summer quarters will bow have to be scaled back because of cancellation of the US$5O (St 120) tax rebate, according to
      Reuter  -  342 words
    • Article
      Lock icon Devalued pound 'not the answer'
      581 3 LONDON, Tuesday FT DEVALUATION OF sterling Is not sufficient by Itself to give British Industry the export Impetus which successive governments have hoped for, the National Economic Development Office says In a controversial study. The study, on "International price conrpetltlveness, non-price factors and export performance,"
      FT  -  581 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      127 2 CANADIAN IMPERIAL BANK OF COMMERCE announces the opening of AN OFFSHORE BRANCH WITH ASIAN CURRENCY UNIT at TOWER 1401, DBS BUILDING, 6 SHENTON WAY, SINGAPORE. *9 The manager, Mr. S. R. Ree, with many years of experience in International Banking, will be able to offer assistance to the business community
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      29 2 BllStoW JianiC DiGieZiS I GOOD lckd—ne *»*> m* ooMts' long "froc. HO see TT* how Tv«. ucptweei tßkcim p» TufcN R3R Tuc I v*)OBS6. U)C*e. DCCOC.D \To €Pff IHT»C- CPrJTfefcN
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      36 2 WEATHER report Car 24 hour* prior to 740 p.m. m May S at Singapore airport. Aooodatod humidity Minimum tomporatui Hours of i—lriuo RotaMl ia mlHlmotme Total rainfall fbr the month Total rainy daye far the amnth
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    • Miscellaneous
      Page 2 Miscellaneous Column 3
      252 2 SINGAPORE 5 3.00 P.M. Opening Announcements followed Jby Serbanika (Malay) (r)* 3.30 Diary of Events (Malay) 3.35 General Hospital 4.15 King Of The Seabirds (r)* 4.45 Intermission 6.05 P.M. Opening Announcements followed by Electric Company 6.30 News in .Brief* 6.35 One Northern Summer The Incredible Upstream Struggle* 7.00 Early Musical
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      98 3 See this, page) tin. )!S| l \Ji i* IF m u Jm Jb <V I# Lunch or dine in a grill room that savours of Olde England with food just as savoury. The Stables an ideal place to combine business with pleasure. Cosy and private, with English-manner service too. Chef's
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  • COMPANY NEWS
    • Article
      Results at Dah Yung not up to expectations
      420 4 DAH Yung Steel (Singapore) failed to meet the optimistic forecast made by Its directors In Its 1976 Interim report. For the year ended Dec 31, 1976, group pre-tax profit fell 24.1 per cent to 82.14 million on the back of a nine
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    • Article
      DIVIDENDS ANNOUNCED
      613 4 Current Ex Date Total for Total for payment Date payable the year previous year Lingui 10% Apr 5 May 5 10% 10% Srntou Plywood 10%TE Apr 4 May 5 10% TE 6%TE Kenong Tin 15% I Apr 14 May 6 15%I 40% Uentini Highlands 7.5%TE Apr 5 May
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    • Article
      United Engineers loans not likely to be cut
      631 4 INTEREST charges are expected to continue at a high level at United Engineers (Malaysia) as Its business expands. But there are no Immediate prospects of the group reducing Its high level of borrowings, reports chairman Tan Sri Nik Ahmed Kamll In his
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    • Article
      KL miners told to use marginal costing
      624 4 TIN mining companies in Malaysia should apply marginal costing Instead of the normal absorption technique in their cost and revenue calculations to reap greater cost reduction und operational efficiency. This is In view of the Increasingly higher capital and operating costs of mines,
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    • COMPANY MEETINGS
    • LATEST RESULTS
      • Article
        AMCOL ELECTRICAL INDUSTRIES
        37 4 Trading loss $1.05 million (loss $1.16 million) on turnover of $4.25 million ($5.96 million) for the year ended Dec 31,1976. Extraordinary gains $1.78 million (expenses $23,410), giving net profit of $734,033 (loss $1.18 million).
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    • Article
      Record profit at United Malayan
      349 4 JUDGING by its interim results, United Malayan Flour appears set to turn In record profits for the current year ending July 31, 1977. For the first six months ended Jan 31, 1977 the group made a pre-tax profit of $1.76 million, which* represents an impressive
      349 words
    • Article
      CHICAGO BOARD OPTIONS
      1387 4 On May 2 TRADING In options on the Chicago Board Options Exchange on Monday came to 80,001 contracts compared with 71,975 contracts on Friday. OPTION JLY OCT JAN STOCK AIcm 90 7 1/4 ONTRD (JNTRD 97 1/8 aicm so i i/i a i/io a a/4 97 i/a
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    • Article
      After 13 years, the going is still tough
      914 4 NYT NEW YORK, Mon. The young Investment banker, who was a partner In a New York venture-capital firm, a director of a manufacturing firm and a consultant In International finance, was being considered for a subcablnet Gisltlon In the Commerce apartment On
      NYT  -  914 words
    • Article
      Citizens Band's forecast in doubt
      713 4  -  By ROBERT METZ LAST December, when Citizens Band Radio companies were heavily discounting 23-channel sets, they resurrected the famous raHying cry of Brooklyn Dodger baseball teams after belna denied the pennant: Wait till next year. Nex year, they pointed out. the Federal Communications Commission would
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  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      199 4 v —r' sjSr etfLJr' *g£ =t Sr dSM©4 "ii MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE m ASIA RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Volkswagen achieves strong recovery
      959 5 NYT WOLFSBURG, Tues. The Volkswagen group, which suffered net losses of US$62 million in 1975 and a record $323 million the previous year, earned worldwide net profit of $418 million in 1976 on total sales of $8.9 billion. Mr. Tonl Schmucker, chairman of the Volkswagen management
      NYT  -  959 words
    • Article
      Threat against W'house
      432 5 Reuter WASHINGTON, Tues. Westlnghouse Electric was threatened yesterday with a contempt of Congress citation for refusing to turn over to a congressional panel documents relating to an alleged international conspiracy to fix uranium prices. The threat was issued by the House of Representatives Commerce Committee's subcommittee on
      Reuter  -  432 words
    • Article
      Pancon Jabiluka project
      196 5 Reuter BRISBANE, Tues. Pancontinental Mining said development planning for the Jabiluka uranium project is now sufficiently advanced from an engineering viewpoint to allow construction to start once government approval for a go-ahead is received. In its report for the quarter ended March 31, Pancontinental said it continued
      Reuter  -  196 words
    • Article
      Ultramar Indonesian interests will boost future earnings
      444 5 Reuter LONDON, Tues. Ultramar chairman Mr. Campbell Nelson said there is great confidence the group will do well in the current year with an appreciable new source of profit coming after the start-up of Indonesia gas and condensate in the second half. He
      Reuter  -  444 words
    • Article
      Trade inspectors to probe Peachey
      668 5 FT LONDON. Tues. Department of Trade Inspectors have been appointed to investigate The affairs of the £43 million Peachey Property Corporation. Sir Eric Miller, its former chairman, has written to shareholders accusing the other three directors of "an orchestrated campaign of pressure against me." He
      FT  -  668 words
    • Article
      GM declares special dividend
      236 5 Reuter DETROIT, Tues. General Motors said its board voted a US$l special plus the regular 85 cent dividend for the second quarter, payable June 10 to holders or record May 12. It compares with a payment of 85 cents a share for the first quarter of
      Reuter  -  236 words
    • Article
      Qld Mines, Kathleen accounts qualified
      218 5 Reuter SYDNEY, Tues. The auditors of Kathleen Investments (Australia) and Queensland Mines qualified both companies' accounts for calendar 1976 in respect to the value placed on Queensland Mines' Nabarlek uranium deposit in the Northern Territory. The Queensland Mines auditors said about A 55.63 million of
      Reuter  -  218 words
    • Article
      Chrysler's new credit scheme
      325 5 Reuter I DETROIT, Tues. Chrysler said it arranged a U*****.5 million credit agreement with a group of 95 banks In the US. led by Manufacturers Hanover Trust, to replace Its previous $463.1 million credit agreement with 83 banks. The new agreement became effective April 30 and
      Reuter  -  325 words
    • Article
      Record first quarter profit at Coca-Cola
      262 5 Reuter WILMINGTON. Delaware, Tues. Coca-Cola, the leading soft drink maker, reported record profit for the first quarter this year, due mainly to higher volume of soft drink sales and higher prices for coffee and tea. Shareholders also approved a two-for-one stock split May 31
      Reuter  -  262 words
    • Article
      Toyota makes share issues
      144 5 Reuter TOKYO, Tues. Toyota Motor announced It will offer 37.8 shares of Its common stocks through public subscription at market value to be fixed later, with payments required by June 20 this year. The biggest car maker In Japan said it will also make a one-for-10
      Reuter  -  144 words
    • Article
      Eastern to lease airbuses
      90 5 Reuter NEW YORK. Tues. Eastern Airlines announced it will lease four A-300 widebodied airbuses for six months beginning late November. Eastern is the first US carrier to lease the A-300, an aircraft built by Airbus Industrie, a European consortium whose members include Aerospatiale of France, Messerschmitt
      Reuter  -  90 words
    • Article
      American Airlines order
      72 5 Reuter NEW YORK. Tues. American Airlines said it will place an order with Boeing for nine 727-223 aircraft for delivery in late 1978. The company said these and other new aircraft on order will replace older 707s that are less fuel-efficient and that fail to meet federal
      Reuter  -  72 words
    • Article
      'Great year' ahead for Boeing
      391 5 Reuter SEATTLE, Tues. Boeing reported an 81 per cent Jump in first quarter profit over the year-ago period, and expressed optimism that 1977 "could be a great year." The giant aircraft manufacturer said its first quarter profit totalled U5528.22 million, or <1.33 a share, up
      Reuter  -  391 words
    • Article
      Tristar blamed for Lockheed's decline
      188 5 Reuter BURBANK, Call., Tues. The Lockheed Aircraft blamed Its L-1011 Trlstar wide-bodied Jet for a two per cent drop in first quarter profit this year. Lockheed said the poorselling Trlstar lost US$2B.B million in the first three months of the year, against $24.4 million in
      Reuter  -  188 words
    • Article
      Mobil increases its bid for Irvine
      345 5 NYT LOS ANGELES, Tues. Mobil raised its bid for the land-rich Irvine to U*****.1 million in cash yesterday and left open the potential for an even higher price If Irvine shareholders elect to gamble on a sharp rise In the price of Mobil stock.
      NYT  -  345 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      249 5 "AS I WAS PASSING" is now compiled into a book What is Sri Delima's "As I was passing"? It is a regular column that appears twice a week, Wednesdays and Saturdays in The New Straits Times. Piquant little cameo pieces on Malaysian attitudes. The book contains 102 dissertations on all
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  • Article
    Share Information Service
    2050 6 itn Mick Low Coapuy Laat Sal* Gr'a 4hr Dhr +«r- c'tt SECTION ONE Gr'» y'U Nat P/E V«1 Day Hi«k Low INDUSTRIALS 146 133 204 76 212 93 V. 198* 163 219 392 136 127 204 58 212 57 155 154 182 356 Acma Ac ma A
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  • Article
    Steadier trend at SES
    389 6 SPASMODIC wifwtTbnLag to aaiautiia Hitki mm far a imrtlhr itMilir tr—d at th* Stock Exekuf* of Htogapora j iihiiw. WkiU til* tklH liatri ww aaialr aoriai p mm btr|tU>kaaiia>, tkt higher-priced liiau naHM rate Ob kalaaw tkt market eland with aiTtaen to one. A few firm
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  • Article
    April turnover
    94 6 MOST ACTIVE APRIL STOCKS: Haw Par International (5,322,000); Central Sugars (4,833,000); Slme Darby (2,725,000); U. 0.8. (1,220,000); Inchcape (1,105,000); Ben (1.079.000): Pan Electric (905,000); General Lumber (818,000); Malayan Flour (715,000); Highland and Lowland (595,000); Harimau Investments (520,000); U. 0.8. (A) (463,000); D B S. (448,000); U O.L. (439,000);
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  • Article
    Transactions in Singapore
    1340 6 BID and offer prtcea officially llated and bualneaa In and reported to the Stock Exchange of SlneaDore vesterdav with the number of ahares traded ahowQ In bracketa In lota of 1000 unite unless otherwise specified. All Time Settlement Contracts are Suoted after the word "Sett." tig Board
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  • Article
    Stock options
    80 6 STRIKING prices or the stock options officially listed ea the Stock Excheage of Siagapore, the periods, hid ead offer prices aad bueiaese doae yesterday, with the number of options traded ehewa ia bracketa. DBS (June 83.M) (0 028 0.048) (3) 0.03. (Dec 53.60) (0.338 0 365). lachcape (June
    80 words
  • Article
    Unit trusts
    124 6 SINGAPORE UNIT TRUST IMiuim' prlna far May 4) INCOME BOND UNIT ICamat priaaa) The Commerce 1.71 Ml Ttwaavmc nod. .on on S'poraProfFund .®.7» OX 8pope Secuillj rod 1.43 ui S'pot* Invert Pund «.M 1.0# ASIAN UNIT TRUST (M»—prteee he May 4> Mai Invert Fund .l.M l «7xd Mai
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  • Article
    Domestic govt bonds
    155 6 B O T 8 1/2% IMI (IM.OM) ilo2*B 103HS) IB 8 I 1/2% 1982 (IM.OM) (IMB 100*3) D B 8 Convert* C 1/2% 1991 (100.000) (97ftB 98S) E I B 9% 1982 (IM.OM) (lMftß 104 ftS) E I B 8 1/4% 1983 (IM.OM) (100 SB 101 ftS)
    155 words
  • Article
    Corporate bonds
    115 6 6 1/2% 1/4/78(250,000) (101.458 101.558) 5 1/2% 18/4/78 (250,000) (101.358 101 83S) 6 1/4% IS/7/7* (250,000) (101.458 101.555) 4 J/4% l/S/7»(250,000) (100.708 100.788) 7% 1/7/78 (250,000) (104.05B) 5 1/4% 16/10/79 (250,000) (101.608 101.758) 6 3/4% 16/6/80 (250,000) (103.30B) C J/4% 1/12/80 (250,000) (103.SOB) 5% T F IS/4/81 (250,000)
    115 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      225 6 :K4 r > v > w*'V J* .41 #t < ;>-u< ir 'ti# ;«< 2F rs w I sy&h, W'l ®6SSBT^Ii v HP?%| 600" long bean m obwvir, recordir end commentator of the Singapore seen*. in this new book, he examines end axpietns the success of Singapore's tripartite n« mg«
      225 words
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  • WALL AND OTHERS MARKETS
    • Article
      New York
      1135 7 NEW VORK: Strength In od ■tocka and more favourable economic news from Washington lifted stock prices broadly Higher In light trading on Monday. Analysts said the oil and natural gas group got a boost from growing Investor conviction that part at the government's proposed energy programme the gasotlns
      1,135 words
    • Article
      Frankfurt
      224 7 FRANKFURT: The market was quietly steady, dealers said on Monday. VW, the moat active share, gained 3.80 marks following latest figures and outlook, while other motors closed with little change. Leading banks, chemicals and engineerings also gained. On the bond market, both domestic and foreign loans showed only minimal
      224 words
    • Article
      Amsterdam
      219 7 AMSTERDAM: The market advanced again with Ossgivias leading gains in Dutch international following fcs dividend, dealers said on Monday. Banks, KLM, llilnfcw. Bels, Pakfcesd and OIS also gained, but HVA, KNSM and DQsaiksrf edged lower against the trend. In state loans low coupon issues showed slight rises. MAT pii
      219 words
    • Article
      Zurich
      267 7 ZURICH: The market closed irregular with a firmer bias In active trading, dealers said on Monday. Among slightly-lower leading banks KnAtuuUlt fell more markedly under the sustained Influence of its Chiimi branch affair. Among mixed flnanctals Bally registered, and Orikis But rle bearer eased, while Hslisrbaak and Islwfcil B
      267 words
    • Article
      Brussels
      191 7 BRUSSELS: The market was quietly mixed In trading reduced by the May Day holiday, dealers saM on Monday. Seciete General*, Seflaa, ffli m tk iL VleMe Mssdagas snil Wsgsas I lls while Ci^epa. and Halanel flemkee fell. UK, German and French Issues rose, and Dutch stocks were firm. US
      191 words
    • Article
      Paris
      379 7 PARIS: The market moved firmer on Monday In a largely technical reaction to late Friday's record lows, dealers said. They noted political tensions are less prominent this week than last, while the return to work by Dunkirk dockers after an exceptionally long strike helped sentiment. Banks were mixed but
      379 words
    • Article
      Manila
      161 7 MANILA: The market clsssd mixed In sluggish trading, dealers said on Tuesday. Minings closed lower while commercials and oils posted fractional gains. Overall turnover fell to 1.94 million peeoa from Friday's 2.23 Billion. Gainers were AMee Cm A and Oriental A but Bagule Geld, Morales, PMlsa A and Bssfrsal
      161 words
    • Article
      Sydney
      367 7 SYDNEY: The market closed higher on Tuesday. Led by coals and uraniums, with PaaoatiaaataL Kit Mii, Q»mm; land Mlbm, Thisss and Utak all gaining strongly, dealers said. The Sydney All-Ordinaries Index rose 2 00 points to close at 441.20. HssMralsjr rose AID cents to $2.95, while B»be Hirer eased
      367 words
    • Article
      Toronto
      231 7 TORONTO: Share prlees dosed mixed on Monday In light trading with the com port te index ap nearly 2H points. Deetanss led advssKes into IS4. Aftsrta Nairn el Gee roee to 3414 on first quarter net while PaMMtdn Ms also added K to MM on Increased nm quarter oornlys
      231 words
    • Article
      Milan
      135 7 MILAN: The market doeed irregularly higher in moderate trading at the start at the new account, dealers said on MonLeadlng industrials showed fair gains but Aate, OHvetn ordinary and both Pirelli were marginally lower against the trend. MAY m Lire Ante 237 •3 Amoc 0«n ***** 300 Bastofl Centrmle
      135 words
    • Article
      Jo'burg
      315 7 JOHANNESBURG: Oold shares were basically steady In quiet trading throughout the day while the rest of the market was mixed, dealers said on Menfinancial minings were largely unchanged although' Daiksr shed 20 cents to 500 ex-dhrtdend. D» Bears held an early rise of three cents to 415. MAY Rand
      315 words
    • Article
      Hongkong
      335 7 HONOKONO: The market closed narrowly mixed In dul. featureless trading, dealer* said on Tuesday. The Hang Sent Index dropped 0.27 point to doee at 00.06. Among leading stocks, Heagkeag Baak fell HKIO cenu to >17.60. while Isi fci Methsesw rose 10 cents to $10.90 and HiltMiM gained 5.9 cents
      335 words
    • Article
      Bangkok
      91 7 MAY Bahts Asia Fibre 107 ♦2 B&nckok Bank 2*3 unch Bangkok Invest. in ♦7 Bangkok Metropolitan Bank Bata 423 BerUJucker si -2 Charoonc Thai Wire 1778 -1 Dumex Duslt Thanl Faber Merlin First Truit Indo-Thal Industrial Finance Ootp ***** J And J Ho 225 unch Jalaprathan Cement 127 ♦t
      91 words
    • Article
      Indices
      62 7 FINANCIAL TIMES INDUSTRIALS Monday 430.7 Friday 432.9 Week aco 410.0 DOW JONES AVERAGE INDUSTRIALS Monday 931.22 Friday 920 90 Week ago 914.63 LONDON DOLLAR PREMIUM Monday 121 to 121* Friday 121* to 121* H.R. HANG SING Monday 440.23 Friday 441.94 Week ago 444.40 SYDNEY INDUSTRIALS Monday 354.97 Friday 353.20
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    • Article
      Small gains likely in corporate earnings
      671 7  -  By ROBERT J. COLE NYT CORPORATE profits In steel, coal and other key categories, are expected to show only a slight after-tax gain at best for the first liuarter, according to eadlng economic forecasters. Predictions of gains for the quarter over the fourth quarter
      NYT  -  671 words
    • Article
      More bad news than good in bond mart
      731 7  -  By JOHN H. ALLAN NYT FOR the investor from the north-east who puts his money into tax-exempt state and city bonds, the 1970s have been a trying time of defaults, moratoriums and broken covenants, and the bad news has been more prevalent
      NYT  -  731 words
    • Article
      Rise in assets at Chemical Bank
      232 7 NEW YORK, Tues. The annual report of Chemical Bank's Trust Department shows that assets under management Increased 24 per cent to U557,700 million from $6,200 million, a record total, as of the end of 1976. By category, the employee benefit trusts and agencies assets
      232 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      180 7 Confront Singapore's decision makers in Business limes I For only $3.50 per single column centimetre Business Times, will read Business Times. The intensively by senior the image of your company. Singapore's new financial select group. Ultimately there management. And a page in Business daily, offers you the most cost- will
      180 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Local and foreign rubber markets
      568 8 IN the Singapore rubber market yesterday, opening Suotatlona were marked own one cent following easier overseas advices and thereafter ruled quiet due to the closure of the Malaysian market, dealers said. Prices later recovered to around last Friday's levels on slow selling and some shortcoverlng
      568 words
    • Article
      Closing prices
      15 8 Bmkkm *Uy 1 Slscturv: May IM eta MM OMrt.) Makrata: GUm4 Tim: CM
      15 words
    • Article
      Produce prices
      281 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PES PICUL YESTERDAY. Coconut Oil: Bulk $105 teller*, old drum 1110 tellers, new drum *115 tellers Copra: Mixed (looee) UK/Cont. $70 buyers. Pepper: Muntok ASTA white f.o.b. 100* NLW $397W sellers, Sarawak white f ob 90* NLW $377* sellers, Sarawak special
      281 words
    • Article
      Palm oil
      111 8 THE following Palm Oil prlc ar« elf Rotterdam and otherwise stated es were quoted in London on Monday. The prices are quoted lrt US dollar p«r ton units* Pre*. Malaysia 5* ffa bulk lfay/Jly Sumatra 5% May Jun Jul Sept Nigerian 5% (fa bulk Sterling per long ton
      111 words
    • Article
      SSR
      23 8 R.A.8. iOm Bvm if F (tm («aU»arkc> 88R 20 (1-ton Pallet) 199.00 194.00N 194.00 196.00M 88RS0 (1-ton Pallet) 191.00 192.00N 111.00 193.00N
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    • Article
      Tin
      182 8 THE Straits tin market In Penang was closed again yesterday. In LONDON yesterday, tin advanced by £140 for Cash and £130 for Three Months In the morning in both contracts. ueaiers said sentiment was encouraged initially by the trend in other base metals. Chart buying was attracted around the
      182 words
    • Article
      Lead
      159 8 LONDON, Tues. Lead rose by mostly £16.50 per tonne In the morning. Values picked up sharply on short and protective covering together with some chart operations prompted by the continuing tight nearby situation and the background of uncertainty at Comlnco's trail plant and the strike at Broken Hill's Port
      159 words
    • Article
      Zinc
      102 8 LONDON, Tues. Zinc values gained £12.75 for Cash and £11.75 for Three Months In the morning. This metal was firmer In sympathy with lead and copper as well as being aided by some physical business on the continent, dealers said. Three Months advanced to £408 on short-covering and some
      102 words
    • Article
      Gold
      346 8 IN the Singapore gold market yesterday, the kilobar changed hands In the range of Ssll ,856 to $11,800. The loco London gold opened at ua5149.40/149.80 and eased under profittaking to close at 8148.70/149.10. The London morning fix was U*****.15 down 20 cents on the previous fix. Retail prices per
      346 words
    • Article
      Copper
      393 8 LONDON. Tues. Copper wire bars showed gains of £15.50 per tonne for Cash and £10 for Three Months in the morning. On the pre-market generally more bullish sentiment was evident as covering prompted by the trend at New York produced Three Months business at £833 before some pricing sales
      393 words
    • Article
      Silver
      270 8 LONDON. Tues. Silver closed 0.3 to 0.5 pence per troy ounce higher In the morning. Prices were generally well maintained, aided by the overnight gains at New York, overall steadiness In gold and at the trend In base metals, dealers said. But trading interest was again modest at only
      270 words
    • Article
      Sugar
      293 8 LONDON, Tues. Terminal opened steady In the morning, with followthrough selling and stoploss orders from Monday night's late kerb down trend well absorbed by mixed buying and covering. At the end of the opening, call values were £3.90 to £2.85 down. Sales totalled 1,070 lots. In actuals, dealers reported
      293 words
    • Article
      Rice
      213 8 BANGKOK, Tues. Indicative prices for rice quoted in Bangkok in US dollars per tonne fob basis Bangkok are: White Rice. 100 per cent I*l claa* 284 100 per cent 2nd 267 100 per cent 3rd 282 5 per cent 252 10 per cent 232 15 per cent 229 20
      213 words
    • Article
      Coffee
      330 8 LONDON. Tues. Coffee futures continued to decline at the opening but by the end of the call, the trend had been reversed to show gains of £32 to £52. Sales totalled 419 lots. Initially, values moved lower with follow-through selling Interest encouraged by a further decline In the New
      330 words
    • Article
      Thailand fixes support price for kenaf
      214 8 Reuter BANGKOK, Tues. Thailand's kenaf promotion committee fixed a support price of 4.50 baht per kilo for kenaf In an effort to avert shortages of the commodity, trade sources said. The sources said over the last 10 years, Thai farmers have switched from kenaf
      Reuter  -  214 words
    • Article
      Kwangtung rice
      96 8 Reuter HONGKONG, Tues. Farmers In China's southern province of Kwantung have finished transplanting 90 per cent of their rice crops despite a severe drought this spring, the New China News Agency reported. The agency, monitored here, said about two million hectares of land were sown with rice. It
      Reuter  -  96 words
  • MONEY AND EXCHANGES
    • Article
      Singapore
      477 8 THE U8 dollar was slightly stronger In the Singapore foreign exchange market yesterday following higher demand from the banks here to cover their requirements after the long weekend. Against the Singapore dollar, the American currency was traded to as high as 552.4628/33 at one stage from the opening level
      477 words
    • Article
      Asian $ rates
      152 8 Asian rates ASIAN curren cj depotit interbank tpxm ci« K on lu» a U8 Doilai Ofltr 7 dan 5H 9S lain .1. .57/16 5 5/16 Smtbi 57/16 55/16 3 mttii .89/16 57/16 mthj 5H tmtlu 5% i)mtbi 6* 6 8w .Fit DM 1 mth 47/16 Smthi -3 7/16 4 7/16
      152 words
    • Article
      Discount
      6 8 Source: National Discount Co Ltd
      6 words
    • Article
      Minimum lending rates (in %)
      52 8 Minimum lending rates (in AOBC 6* Alfemene Bank Bangkok Bank 7 Bank of America 9% Bank of China 7 Bank of Tokyo 6% Bank Nani T nrto rmli 7 Charttrad Bank First Chicago 6* Citibank HSBC 7 Indosuez 6* Malayan Banking Mitsui Bank 9* OCBC OUB orr 7 Chaw Manhattan
      52 words
    • Article
      New York
      267 8 NEW YORK, Mon. The dollar closed stronger but off Its highs after an active morning and extremely quiet afternoon's trading here, dealers said. The strength came from higher Eurodollar Interest rates, reflecting rising US short-term interest rates, eroflt-taklng and a rise in S construction spending and new factory
      267 words
    • Article
      London
      151 8 LONDON, Tues. The dollar, supported by higher short term US interest rates, opened slightly stronger in most European currency centres. Eurodollar interest rates added around 1/16 per cent, following higher US Treasury bill yields at the latest weekly auction and indications pointing to a more restrictive US monetary policy,
      151 words
    • Article
      Hongkong
      128 8 HONGKONG, Tues. The US dollar tinned to a late HKI4.MOO/8O In fairly active trading, after opening around yesterday's afterhour's level of $4.®640/60 and straddling the 4.67 mark at one stage, dealers said. Higher US Interest rates boosted the US unit, which also rose to 3.3565/75 marks from 2.3557/68 In
      128 words
    • Article
      Euro $ rates
      98 8 Euro rates LONDON, Tues. Eurodollar deposit rates hardened afresh in response to West Asian and Far East demand, dealers said. The rise In U8 Treasury bill yields also contributed to the gain. Turnover was moderate. Period rates firmed around 1/16 In One to Pour Month positions. Shorti also rose 1/16.
      98 words
    • Article
      Australia/NZ
      52 8 AUSTRALIA/NZ exchanges quoted on May 3 Australia: Sterling 0.6468/ 0.6383 US dollar MO6O/ 1.1012 Ninety-day air mail buying rates: Sterling 0.6634 US dollars 1.1310 Ninety-day forward buy- ing rates: Sterling 0.6430 US dollars 1.0944 New Ze6dand: Sterling 0.5595/ 0.5564 US dollar 0.9668/ 0.9568 Ninety-day forward rate: Sterling 0.5778 US
      52 words
    • Article
      Zurich
      41 8 ZURICH exchanges closing quotes on May 2 US 2.5184-5190 UK 4.3300-3350 Can 2.4075-4090 W Germ 106.90-95 Neth 102.88-92 France 50.80-83 Belg 6.981/2-991/4 Denm 42.26-30 Norw 47.81-85 Swed 58.10-15 Italy 0.2839-2841 Austria 15.03-06 Port 6.51-521/2 Spain 3.651/2-67 Arg 0.70-85 Japan 0.9042-9045
      41 words
    • Article
      Frankfort
      32 8 FRANKFURT exchanges opening quotes on May 3 US 2.3572/82 Can 2.2530/50 UK 4.048/058 Neth 96.10/20 Switz 93.35/45 Italy 2.655/665 France 47.55/65 Norw 44.74/82 Belg com 6.53/54 Belg fin 6.52/53 Japan 0.8470/85
      32 words
    • Article
      Eurobond prices
      348 8 LONDON, Tues. Straight dollar bonds eased 1/2 point in moderate trading, dealers said. Dealers believe the easier tendency is mainly due to operators' fears of higher US short term interest rates and the dumping of unplaced new Issues on the secondary market. Convertibles were quiet, with dollar issues
      348 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      205 8 SINGAPORE usiness COMMUNICATIONS Underlining an urgent need: While the Telecommunications Authority of Singaf>ore is busily expanding services to link up with the world, the quality of domestic service still needs improvement. Crossing over to computers: Telecoms is employing computercontrolled equipment to meet increasing demand and usage of facilities. PROPERTY Caught
      205 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      WAR ON THE COFFIN SHIPS
      900 9  -  THIS month the Law of the See conference will face the "flag of convenience" challenge. How many other rich countries will follow Italy's example in tackling a growing menace on the high seas? -in Milan By NORRIS WILLATT FT IN A precedent-setting move, Italy has
      FT  -  900 words
    • Article
      China joins ITSO
      141 9 Reuter HONGKONG, Tues. Chinese Vice-Minister of Posts and Telecommunications Liu Cheng-chlng and Mr. S. Astrain, director-general of the International Telecommunications Satellite Organisation, (ITSO) have signed an agreement for China to Join the organisation, the New China News Agency reported. The agency gave no, details but said the
      Reuter  -  141 words
    • Article
      Further declines in freight rate for tankers forecast
      495 9 Reuter LONDON, Tues. Many tanker brokers are, predicting further freight rate declines In the Mid East Gulf sector of the tanker market this week due to the very large tonnage availability. The brokers put vessesl awaiting cargoes in this area during May
      Reuter  -  495 words
    • Article, Illustration
      IN PORT
      356 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry Vilja (0900 tbc) 48 Haiti Maru (JBUF) (0700) (Draft 9.1 m) 1/2 Jalakala (UTM/L) (0600 31/32 Straat Frazer (1200 after Johannes Maersk) 10/11 PASIR PAN JANG WHARVEB Ares (0700) (815 868) Odns. 302 CB 2 Blue Shark (2300 after Sri Pujut and
      356 words
    • Article, Illustration
      Warning to UK over Airbus project
      623 9  -  By DAVID CURRY FT THE BRITISH company Hawker Slddeley part of the newly-nationalised aerospace Industry will have no practical chance of winning the order to build the wings for the proposed medium-range B-10 version of the European Airbus without the formal participation of the
      FT  -  623 words
    • Article
      Japanese airlines report increased passenger traffic
      210 9 UPI TOKYO, Tuas. Japan's throe major airlines have reported greater than expected passenger traffic for fiscal 1*76, which ended March 31, nearly doubling their original profit estimates, industry sources reported yesterday. The sources said this may prompt the government to reject planned fare increases.
      UPI  -  210 words
    • Article
      Thailand, Laos sign pact to resume air link
      192 9 AP BANGKOK. Tues. —Laos is to use SOseat Sovietmade Antonov planes for flights between Thailand and Laos after the two countries sign an air agreement, a Laotian embassy spokesman here said yesterday. The spokesman said each country will operate two flights a
      AP  -  192 words
    • Article
      London freight market
      181 9 AP LONDON, Tues. Chartering was small In volume on the London shlpplni freights market yesterday, but deals encompassed a wide variety of trades. The Great Lakes proved to be the major grain origin, while US coal and Australian sugar featured In business to Japan. A slightly weaker
      AP  -  181 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      588 9 ARRIVALS WVlN Optra tir N amber Loca Thw I From TMA TL304B MAS MH082 CAL CI810 CPA CX710 SIA SQ211 OIA OA960 THAI T042S THAI TQ961 OIA QA906 PAL PR501 SIA 8Q240 RBA BI32S SIA 3Q201 MAS MH684 OIA OA962 OIA OA944 SIA SQ600 OIA OA0OO SIA
      588 words
    • Article
      New Saudi line
      51 9 Renter LONDON, Tues. Saudi Orient Maritime (Somcoi) will introduce a regular line service between the UK and the Red Sea later this month, Bomeol's UK leneral agents Brown enkinson and Go Ltd said. The agents will initially operate a monthly service from Tilbury to Aqaba and Jeddah.
      Renter  -  51 words
    • Article
      Toyota's plans
      87 9 UPI NAQOYA, (Japan), Tues. Toyota Motor Company said its Joint venture operation in Australia plans to start producing 3,000 engines per month for Its Carola passenger cars. Toyota Manufacturing Australia (TMA), Toyota's Joint venture In Australia, started construction of an assembly plant on May 2, according to Mr.
      UPI  -  87 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      482 9 Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. I This book is ebout the efforts of poor nations to J gain some control over their own economies and the a role of IMF
      482 words
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  • Article, Illustration
    THE ANATOMY OF A SCANDAL IN SWITZERLAND
    2483 10  -  By MARY CAMPBELL FT A FULL page advertisement in Switzerland's prime dally newspaper, the Neue Zurcher Zeltung, last week showed a wellgroomed citizen discussing a subject of dally concern for a large proportion of the Swiss population: "Who manages my portfolio?" he asks;
    FT  -  2,483 words
  • Article, Illustration
    Socialist Party is all set to break communist control of Portugal's farming region
    1133 10  -  By DAVID CEMLYN-JONES Reuter PORTUGAL'S ruling Socialist Party, backed by the military and police forces, appears set to break communist domination In the country's main farming region. The government has drawn up revisions to the agrarian reform
    Reuter  -  1,133 words
  • Article
    Chile prepares for oil boom
    370 10  -  By RAUL DUQUE Reuter THE Chilean province of Magallanes, one of the southernmost Inhabited areas of the world, is preparing for an oil boom. Prospecting for oil and natural gas In the 500kllometre long Magellan Strait, which links the Atlantic and Pacific oceans across the
    Reuter  -  370 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      151 10 mmvPYOw mm WOLSEY HALL, the world renowned correspondence college offers you tuition in English at Elementary, '0' and 'A' levels through FEDERAL PUBLICATIONS HOME STUDIES DIVISION, SINGAPORE Also available are Wolsey Hall and Foulks Lynch courses in all subjects for the following examination bodies. t* *r WOLSEY HALL Cambridge GCE
      151 words
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  • Article
    Lock icon MARCOS GO IT ALONE HINT IN MORO TALKS
    704 11 Reuter MANILA, Tues. President Marcos today hinted that the Islamic Conference's mediation might be discarded In any future attempts to bring about a peaceful settlement of the five-year-old Muslim rebellion In the southern Philippines. He was replying to questions at a special
    Reuter  -  704 words
  • Article
    O'Neil re-elected ABC chairman
    242 11 THE American Business Council here has re-elected Mr. J.R. O'Neil of Mobil Oil as chairman at its recent annual general meeting. Other officials are Mr. A.S. Love of Hewlett Packard (vice chairman), Mr. F.C. Brandt of Honeywell (secretary) and Mr. D.E. Owens of Con-« tinental Illinois
    242 words
  • Article
    SIM courses in two months
    211 11 THE Singapore Institute of Management will conduct eight courses this month and in June, three of which will be conducted by foreign management consultants. Professor Wendell French of the University of Washington will lead a two day workshop (May 16-17) on organisation development. The workshop,
    211 words
  • Article
    Lock icon Difficult talks ahead says Suzuki
    428 11 UPI TOKYO, Tues. Agri- culture Minister Zenko Suzuki left for Moscow today in a third effort to win access for Japanese fisher- i men to the new 320-km. fishing zone declared by the Soviet Union In the Pacific off Siberia. Conflicting Japanese and Soviet claims
    UPI  -  428 words
  • Article
    Lock icon Muslim deadlock won't affect oil supplies
    126 11 Reuter MANILA, Tues. Philippine National Oil Company (PNOC) chairman Geronimo Velasco today assured the country of continued supplies of West Asian oil in spite of the impasse in the Government's peace negotiations with southern Philippines' musllm rebels. Speaking at an open session of the
    Reuter  -  126 words
  • Article, Illustration
    Lock icon Car workers accuse Sanjay of taking it out on them
    367 11 UPI GURGAON, (Harayana State, India) Tues. Hundreds of factory bands protested outside the Maruti car plant here today, blaming Sanjay Gandhi for sacking them following his defeat in the March elections. Moat plant hands come from the poverty-stricken province of
    UPI  -  367 words
  • Article
    Lock icon Desai's persuasions are falling on deaf ears
    582 11 NYT NEW DELHI, Tues. In this city's best neighbourhoods. where most of the foreigners live, the shops are once again illegally selling the high-priced bootleg imports that had all but disappeared during Mrs. Indira Gandhi's authoritarian rule: Franco-Ame-rican spaghetti for US$l.2O (593.00) a
    NYT  -  582 words
  • Article
    HK products exhibition
    186 11 FIFTEEN Hongkong manufacturers are expected to hold a two-day exhibition of their products at the Shangri-La Hotel on June 22. as part of an export promotion tour of the region. The delegation from the Hongkong Chinese Manufacturers Association, accompanied by a Hongkong Trade Development Board official, will
    186 words
  • Article
    Computer show at centre
    196 11 WANG Computers, the i Singapore subsidiary of Wang Laboratories of the US, will hold a three-day exhibition of Its latest computer and processing systems at the US Trade Centre from tomorrow. According to a company spokesman, the exhibition will emphasise the application side of the exhibited
    196 words
  • Article
    UK TRADE MISSION DUE HERE
    93 11 A NINE-MAN trade mission from the British Engineering Industries Association (EIA) will be In Singapore from May 8 to 14. Tne team, headed by Colonel R. E. Scott, the EIA deputy director, represents eltfit companies and will be Introducing "a comprehensive range of products with
    93 words
  • Article
    Chinese fair
    30 11 NAQOYA, Tues. A Chinese trade fair opened in this central Japanese city today displaying about 10,000 industrial commodities, handicrafts and mock-ups Including the mlnlalure of Tachlng oil field
    30 words
  • Article
    Lock icon THIRD WORLD'S DESTINY A TOP SUMMIT TOPIC
    492 11 Reuter LONDON, Tues. At their summit conference in London this weekend, the world's seven major noncommunist industrial nations return to a theme which looms Increasingly large on their horizon. After analysing their own economic discomforts like Inflation, unemployment and low rates of growth,
    Reuter  -  492 words
  • Article
    More will be invested in India forecast
    210 11 WITH the forecast of sustained growth In the economy, the rate of Investment in India Is expected to go up over the' next two tears, according to conomlc and Commercial News. The latest issue of the Ihdlan publication said that with the expected
    210 words
  • Article
    Gauging how we fared at Tokyo
    590 11  -  ■r MICHAEL CONNORS TOKYO. Tues. Results of Singapore's bid to penetrate further the difficult Japanese consumer market through participation in the April 22-May 1 12th Tokyo International Trade Fair (TITF) and accompanying trade mission will take some time to assess fully. However, the 11
    590 words
  • Article
    IAC sues for $100,000
    102 11 lAC (Singapore) Pte Ltd. yesterday filed a suit against Koh Meng Wan for a sum of $100,000 allegedly due under a contract. In another suit, Lau Kuel Huat (S) Pte Ltd sued Golden Sea Shipping Pte Ltd for $120,300 allegedly due under an agreement dated April
    102 words
  • Article
    Lock icon Thai council dissolved
    228 11 UPI BANGKOK. Tues. Thailand's last important elected body the Bangkok city council was under control of appointees today after the military-backed Prime Minister ordered the Council dissolved. Several members of the elected Bangkok Metropolis Assembly (BMA) wept as they handed over their portfolios to the new. appointed
    UPI  -  228 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      5 11 SEE PAGES 2 A 3
      5 words
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      Page 11 Advertisements Column 2
      274 11 APPOINTMENTS P.T. PEMBANGUNAN JAYA, a leading Indonesian Contracting Company in Jakarta invites applicants to apply for the post of: PROJECT MANAGER in our projects in Jakarta, Indonesia and Saudi Arabia. The candidates required should: possess a Degree in Civil Engineering or Architecture maximum of age: 40 years have at least
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      Page 11 Advertisements Column 3
      253 11 ADMINISTRATIVE MANAGER THE JOB: The person appointed will assist the General Manager/Director in the day to day administration of the Company. THE MAN: He should posses either a Bachelor in Business Administration or Bachelor in Accountancy Degree with appropriate working experience and should preferably be a Singapore Citizen and be
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    Lock icon Oapec meet opens
    182 12 Reuter CAIRO, Tues. The 10member Organisation of Arab Petroleum Exporting Countries (Oapec) opened a two-day meeting here today to coordinate its future oil policy Eight Oil Ministers attended the opening session from Egypt, Bahrain, Kuwait, Saudi Arabia. Qatar, Syria, Iran and the United Arab Emirates. The Algerian
    Reuter  -  182 words
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    Cosmetic agents' days numbered?
    752 12 COSMETIC agenc|es In Singapore may gradually lose their distribution rights If recent developments In the trade is any Indication. Last month, Ouerlaln set up Its own subsidiary here and come June 1, Helena Rubinstein will officially operate on its own. minus the help of its local
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    CENTURY FOODS IN JOINT VENTURE
    124 12 INTERNATIONAL Standards Brands of the US and 20th Century Foods of Singapore, have started a $2.5 million joint venture in the nuts business here. The managing director of 20th Century Foods, Mr. Morris Mathlas, said International Standard Brands (ISB) produces various types of nuts under
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  • Article
    Bahraini minister meets PM
    101 12 BAHRAIN'S Foreign Minister, Sheikh Mohamed bin Mubarak Al-Khalifa, yesterday met Foreign Minister Rajaratnam and Prime Minister Lee Kuan Yew In the first full day of his visit to promote economic links between the two countries. In the morning, he called on Mr. Rajaratnam for general discussions
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    Jailed six months
    97 12 A DISTRICT Judge yesterday sentenced Gilbert Christy Gomez, former advisory officer of the Singapore Unit Trust, to six months imprisonment after he pleaded guilty to misappropriating nearly $27,000 belonging to an investor. Mr. Justice Choor Singh yesterday granted Manllal Sons an award of $348,120 as compensation for
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    Volume of cargo handled by PSA fell in February
    419 12 THE total throughput of general and bulk cargo at the Port of Singapore Authority's (PSA) six gateways for the month of February dropped by eight per cent to 1.57 million tonnes, against January's 1.71 million tonnes. This was reported in the
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    Govt backs SNSC's bid for fair rates
    151 12 THE Singapore Government supports the efforts of the Singapore National Shippers' Council to secure more reliable services and lower freight rates, Mr. Rldzwan Dzaflr, director of the Trade Department said He said in the first issue of the SNSC newsletter that the Government
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    Lock icon US.,VIETNAM REOPEN TALKS IN PARIS
    391 12 UPI PARIS, Tues. The United States and Vietnam opened negotiations today aimed at breaking a deadlock over US aid and missing Americans and at setting up diplomatic relations. One of the members of the Vietnamese delegation was a member of Hanoi's commission on missing Americans.
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    LONDON STOCKS
    760 12 LONDON, Tues. The stock market closed mixed. Government stocks were generally higher, and leading equities mostly easier. At 3.00 pm the Financial Times Index was down 2.8 at 427.9. Small buying Interest In long-dated government stocks prompted afternoon gains of around 1/4 to 1/2 with hopes of a
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    Sanshiba axes 80pc of its workers
    147 12 SANSHIBA Electronic*, which has been in the red since it started operations in February 1970, served retrenchment notices to 80 per cent of its employees over the week-end, it was learnt yesterday. Hie firm, manufacturing transistor radios and speakers, at Jalan Bukit Merah, served
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    Strike at MB may fizzle out soon
    136 12 THE" month-long strike at Metal Box will probably fizzle out soon following the rejection yesterday by the Labour Ministry of two appeals by the union to reinstate the 22 dismissed employees. The rejection, which has been communicated to the union, is the final
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    Mishap splits S'pore ship
    52 12 A SINGAPORE vessel, the 9.000 tonne freighter Universal. has split Into two after it grounded itself on a sandbank In the Malacca Straits on Saturday. The ship, owned by Singapore Cosmos Shipping. hit the bank on Saturday afternoon. The Marine Department has initiated an enquiry into
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    SIA revenue expected to increase 20pc yearly
    263 12 SINGAPORE Airlines expects operating revenue to Increase by 20 per cent annually for the next five years and exceed 51.7 billion In 1980/81. Capital expenditure will total over $1.2 billion in those five years with substantial portions going to aircraft purchases, property development
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    Lock icon Gold swap to ease capital problems
    153 12 Reuter JOHANNESBURG. Tues. The New South African gold swap arrangements underline yet again the difficulties the country is experiencing with capital flows and the smallness of the foreign exchange component of the foreign exchange reserves, banking sources said. This method of liquifying gold reserves
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    GOLKAR LEADING AT HALF TIME
    291 12 JAKARTA. Tues. An overwhelming majority of Indonesians appear to have given the military-backed Golkar movement a vote of confidence in yesterday's general elections for a new central parliament, according to results declared tonight from half of the 71million electorate. But the movement, an alliance of
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      Page 12 Advertisements Column 1
      347 12 SEE PAGE 2 Straits Steamship Company Limited Incorporated in Singapore NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Straits Steamship Co. Ltd. will be held in the Tower Room of the Company, 27th Floor, Ocean Building, Collyer Quay, Singapore, on Thursday, 19th May 1977, immediately after the close
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      Page 12 Advertisements Column 2
      347 12 Straits Steamship Company Limited Incorporated in Singapore NOTICE OF MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held in the Tower Room of the Company, 27th Floor, Ocean Bailding, Collyer Quay, Singapore 1, on Thursday, 19th May 1977, at 12.00 noon, to transact
      347 words